Category: Business

  • Thermo Fisher Scientific to Manufacture Nucleic Acid Isolation Kits In India

    Applied Biosystems MagMax Dx Prefilled Viral/Pathogen Nucleic Acid Isolation Kit isolates and purifies viral RNA and DNA from human saliva, nasopharyngeal and oropharyngeal swabs

    Mumbai (Maharashtra) [India], September 28: Thermo Fisher Scientific, the world leader in serving science, today announced that it will manufacture its Applied Biosystems MagMAX Dx Prefilled Viral/Pathogen Nucleic Acid Isolation Kits in India for the Indian market. The kit is used to isolate and purify viral RNA and DNA from human saliva, nasopharyngeal and oropharyngeal swabs, providing a faster, more precise and easier-to-use solution for customers.

    The MagMax Dx Prefilled Viral/Pathogen Nucleic Acid Isolation Kit will be manufactured in Thermo Fisher’s state-of-the-art manufacturing facility in Bengaluru. The site is currently used to produce CoviPath RT-PCR COVID-19 testing kits for customers in India.

    The isolation kit is designed for use by qualified and trained clinical laboratory personnel. It has been approved for in vitro diagnostic use by the Indian Council for Medical Research (ICMR) and the Drug Control General of India (DCGI).

    “Thermo Fisher Scientific has played a pivotal role in the global response against COVID-19, and we have made significant investments to support our customers in India,” said Amit Chopra, managing director, India and South Asia, Thermo Fisher Scientific. “While the situation is gradually improving, the world still needs more advanced solutions that improve testing quality and sustain bulk testing with less processing time, and the MagMAX Dx Prefilled Viral/Pathogen Nucleic Acid Isolation Kit will support this effort,” added Amit.

    The isolation kit enables highly scalable, accessible, faster and more consistent viral RNA and DNA extraction and can process up to 96 samples in 30 minutes. It comes with pre-filled, automation-ready media plates that can be used with Kingfisher Flex instruments with special automation-ready compatibility with the Thermo Scientific Kingfisher Flex Purification System.

    About Thermo Fisher Scientific 

    Thermo Fisher Scientific Inc. is the world leader in serving science, with annual revenue of approximately $35 billion. Our Mission is to enable our customers to make the world healthier, cleaner and safer. Whether our customers are accelerating life sciences research, solving complex analytical challenges, improving patient diagnostics and therapies or increasing productivity in their laboratories, we are here to support them. Our global team of more than 90,000 colleagues delivers an unrivaled combination of innovative technologies, purchasing convenience and pharmaceutical services through our industry-leading brands, including Thermo Scientific, Applied Biosystems, Invitrogen, Fisher Scientific, Unity Lab Services and Patheon. For more information, please visit www.thermofisher.com.

    Contact Information:

    Mihir Deshpande

    Thermo Fisher Scientific

    022-66803040 mihir.deshpande@thermofisher.com

     

  • Shashank Vashishtha, Executive Director, eXp India, Studies the Indian Real Estate Market Ahead Of a Possible Third Wave

    Shashank Vashishtha, Executive Director, eXp India

    September 28: Reports suggest that the third wave of the Coronavirus is set to hit India in the last quarter of 2021. The real estate market in India has seen a sudden spike after the second wave, with sales in June 2021 accounted for around half of all sales in the second quarter of 2021. With the demand for second homes, and residential properties going up, Shashank Vashishtha, Executive Director of eXp India, provides some insights on the various segments of Indian Real Estate before the approaching third wave.

    Residential Vs. Commercial

    According to Mr Vasishtha, there is an increased demand for bigger and more spacious residential properties of the “ready to move in” kind. As learning from the first lockdown, Buyers are keen to upgrade their lifestyle and make their homes a safe space where they can both live and work. Thus, a good absorption rate is seen in the residential real estate segment. On the other hand, commercial real estate has seen a decline with little to no influx of rent and tenants renegotiating or even backing out of their agreements. The Work from Home model has caused a change in the need for office spaces, with employees being hesitant to work in close proximity to one another.

    Commercial real estate has seen plans to open up under hybrid models to increase transactions. “It is expected that we can see a slow trickle of employees coming in on a roster system into fully managed workspaces,” comments Mr Vashishtha.

    Second Homes

    The new normal has brought forth the concept of Working from Home, which millennials have quickly embraced. Developers have taken advantage of this opportunity and launched projects in Goa, Mahabalipuram, Nainital, Kodaikanal, etc. The popularity of these spots increased as employees preferred to work away from the hustle and bustle of the metros. Young parents are also investing in homes in remote areas as they are able to get a bigger and more spacious house for the same price as a standard 2 or 3 BHK close to their first homes. Mr Vashishtha adds, “Living and working from a remote location in tier II or III city means saving money while still spending quality time with your family in a vacation setting.”

    Senior Living

    NRI’s who are unable to make it into the country due to a scarcity of flights, young professionals who have moved to Tier I cities for their jobs, and other people who have moved out of their native places for various reasons now prefer to have their senior parents living close to them, while also having their own space. Senior citizens themselves have become more open to the concept of assisted living. With opportunities to socialise, and facilities like food and medical help available at a moment’s notice, senior living has found more acceptance as a “hassle-free ageing experience”, especially during the pandemic.

    Resale and Pricing:

    Macroeconomic factors have led to the pricing of real estate properties going down after the first wave and staying the same after the second. Moreover, clients cannot come to a decision as many of them have lost their near and dear ones and are facing financial and physical loss. Developers have also reached a threshold and are now trying to maintain the prices by offering freebies like car parks, removal of PLC’s, apartment furnishings, etc. Says Mr Vashishtha, “Some developers in metros now give vouchers. For example, a 50 lakh voucher can be used for interior decoration once the sale is made. Similarly, the industry is seeing a surge of benefits without compromising the price.”

    “When it comes to resale, there is a good demand for independent bungalows or plots in all metro cities,he continues. The sector is frequently seeing high ticket transactions (estimated at 4000 crores) such as D-Marts and farmhouses.

    The Real Estate Sector in India is undergoing a vital transformation that will make it one of the biggest contributors to the GDP in a short time. All of these ups and downs will only serve to make it reach that stature. “We have exciting things to look forward to for the sector as a whole, and the pandemic and the likely third wave is but a small challenge that we will overcome,” says Mr Vashishtha.

    About eXp:

    eXp Realty is a cloud-based brokerage agency launched in India in November 2020. A subsidiary of eXp World Holdings, eXp India is on the top of the list of the fastest-growing real estate companies in the country. Within just a year of launch, eXp is expected to hit over 1000 agents on their platform. The company has begun transactions in major metro areas, including Delhi-NCR, Mumbai, Bangalore, Chennai Kolkata, Hyderabad, Jaipur, Agra, Indore, Surat, Ahmedabad and many more.

    eXp is set apart from its competitors primarily through its completely virtual work model. They are revolutionising the real estate landscape in India through their immersive cloud-based platform. eXp World or Virbela, a 3D platform, is a “virtual office” which comes replete with choices of daily clothing, accessories, meeting rooms, cafe areas, conference and presentation tools and much more for their agents.

    Virbela also hosts a suite of marketing resources that enhances virtual visual prospecting, training, sales and communication for real estate agents. Moreover, eXp’s global network of agents also uses this platform to exchange business expertise and even for global partnerships on transactions.

  • Raft Motors: Pioneer The India’s EV Revolution, With Launch Of World’s Longest-Range Scooter

    Mumbai (Maharashtra) [India], September 28: Mumbai based Raft Motors recently announced an EV Scooter INDUS NX that can achieve 480+* Kilometres Range in a Single Charge.

    The Scooter comes with a Unique 1 Lakh KMs Warranty and Dual-Battery Options, with 10 Amps Fast Charging, to Save Your Time. The Raft’s Indus NX Scooter comes with Next-Gen features like Reverse Gear, Theft Alarm, Keyless-Start, Remote-Locking, Stylish Disc Brakes and Child-Safe Parking Mode.

    Indus NX is available in Three Variants to suit every requirement, as per Update from Company Correspondents: –

    First with Portable 48V65Ah Lithium-Ion Battery that can give 156 KMs Range, available at Ex-Showroom Price: 1,18,500/- in Mumbai.

    Mid-Range Variant is with Non-Movable 48V135Ah Battery, can give up to 324 Kms Range, This Variant is available at Ex-Showroom Price: 1,91,976/- Only.

    Top Variant comes with Dual-Battery Option with Capacity of 9.6KWH, can give Range up to 480+KMS in Single Charge, Ex-Showroom Price: 2,57,431/-.

    Raft Motors has a strong dealership presence across 550 cities in India. They vision to mark its Footprints in Every District of India by March 2022 and Every Country across Globe by March 2023, as per the Futuristic Plans shared by Managing Director Mr. Parivesh Shukla. Raft Motors are getting overwhelming Interests from Every Corner of the World.

    Raft have been working on Consumer Products and the company also launched Android-based Smart TV and Hi-Fi Karaoke Sound System, which has gained massive popularity and demand in recent Festival Times.

    Addition of Consumer Electronics in product portfolio has gained Huge Confidence among Raft Dealers.

    Click on Below Link to know more about Raft Motors Dealership and be the part of Global Expansion: https://raftmotors.com/apply-for-dealership/

    Contact Raft Motors on National Toll Free: 1800 2103 888.

  • ZingHR Announces the Launch of the Global Benchmarking Research Playbook On The Banking And Finance Sector – Vol 1

    Mumbai, (Maharashtra) [India], Sept 28th, 2021: Under its Thought Leadership Initiative and as a part of its Centre of Excellence brand, ZingHR has created a series of Global Benchmarking Research Playbooks, which attempt to capture the Top Technology trends in various sectors. The research playbooks are curated and built based on intensive research and extensive interviews, surveys and data collection. Through these playbooks, ZingHR aims to create a knowledge repository for the future using data that matters.

    ZingHR is delighted to announce the launch of its first Global Benchmarking Playbook on the Banking and Finance sector, which was released recently Playbook Centre of Excellence – ZingHR.

    The Playbook explores various technology adoption trends in the BFSI sector from AI/ML to the Introduction of Blockchain, from Disintermediation via FinTechs to Smart Analytics and Big Data. ZingHR’s research playbook captures all the current topics and trends straight from leaders themselves.

    With the primary research sample size of 25 C- level industry leaders and polls conducted on over 200 people, results were identified and trends analysed by the team.

    “BFSI sectors is one of the key growing sectors in India and will tend to grow in the times to come. The beauty of this growth lies not only at the enterprise level but also at the startup and early-stage company level. The host of tech startups in fintech, insurtech, regtech beyond the NBFCs that are coming in with promising products and services, is giving way for a brighter and more digitalized future of work.

    In my opinion technology clubbed with actual productive usage, specially in the BFSI sector which can cover risk, credit and effective operations beyond just lending business whether it is B2B, B2C, P2P or any other channel, will make way for building iconic companies and entry of great solution building products/services. I think the support of core banking not only in helping these grassroot level companies in progression but finding innovative ways to lend into this emerging ecosystem, will also be a key driver, beyond inclusion of deep tech play.” said Ravi Kikan, Director – Marketing and Growth, Online Sales; ZingHR.

    ZingHR will be publishing these research playbooks across social media and several digital platforms. Currently the team is working on its Volume 2 of the series, which showcases technology adoption trends across the retail sector.

    ZingHR is an HRTech venture accelerated at Microsoft, with more than 400+ employees, 700+ customers, and 1.5 million+ active users. It offers a range of solutions that help end-to-end processes in HR, through Artificial Intelligence, Machine and Deep Learning algorithms, which helps improve employee performance and drives process efficiency in recruitment, offers ease of leave, attendance, payroll, and claim management. ZingHR is one of the few global ventures which offers almost all web/mobile-based modules from Hire to Retire Solutions with a state-of-the-art technology supporting those applications. ZingHR helps organizations to go beyond Automation and deliver solutions that could directly impact Business Outcomes – Outcomation™. ZingHR aims at creating an Outcomation™ platform for the betterment of workforces across the globe. After a successful launch in the Middle East, ZingHR is now looking for a global footprint in the HRTech & HRMS business.

     

  • Mohit Kamboj to Work at the Grass-Roots Level with Farmers through KBJ Farming

    September 28: Farming is a very crucial part of the Indian economy as it adds more the 18 per cent of the GDP of the country. It gives employment to over 60 per cent of the Indian population. The agricultural sector is one of the most important pillars of the Indian economy. But lately, farmers are facing some major issues in this sector, for example, agricultural marketing, scarcity of capital, lack of mechanization, soil erosion, problems with manures, fertilizers, and biocides. The KBJ Group aims to change this narrative by entering the agricultural sector themselves, not just investing in it but actively taking part in agriculture. Mr. Mohit Kamboj and his company aim to work at the grassroots level with farmers through KBJ farming.

    The KBJ Group is a private conglomerate firm led by entrepreneur Mr. Mohit Bharatiya aka Mohit Kamboj. His business is spread out over a plethora of sectors such as bullion jewellery, entertainment, real estate, and hospitality. The KBJ Group is now extending a branch in farming as well. Farmers are the backbone of our nation and Mr. Kamboj wants to back them with every essential thing they need.

    Nowadays, the farming culture is dying; nobody wants to become a farmer. If we ask the young generation what they want to become once they grow up they all are going to come up with different ideas like how they want to become doctors, engineers, teachers. pilots, scientists but we never hear them saying that they want to become farmers because according to them it is not a desirable profession. All these reasons have played a role in the KBJ Groups’ decision to help the agricultural sector by providing them with the right resources. The company aims at helping farmers and laborers earn a living through agriculture itself rather than looking for opportunities to earn elsewhere.

    Bringing a change in the agricultural sector is the sole objective of KBJ Group. That objective is supported by three strong pillars i.e. modern technology, quality output, and scalability. Mr. Mohit Kamboj has acquired 570 acres of land in Solapur, Maharashtra to transform KBJ Group’s vision into reality. Initially, the plan is to grow onion and soybean during phase -1. Mr. Mohit Bharatiya is looking to acquire the resources that are necessary to reap high-quality output. The KBJ group aims to develop an end-to-end agricultural ecosystem that includes warehousing and processing units.

    This initiative by the KBJ Group is not only going to provide farmers with the best technology and equipment but is also going to help them to cultivate the best quality output. The company will also generate employment for thousands of labourers who belong to numerous villages in and around Solapur. Other than just generating employment, the company will also be training these laborers which will boost the efficiency of the whole process while ensuring optimum utilization of the resources. The whole idea to invest in this sector is because to regenerate the culture of farming in India. The agricultural sector is expected to grow at a steady pace thanks to initiatives like the one taken by the KBJ Group. The development of agriculture infrastructure such as irrigation facilities, warehousing, etc. is a key factor that fuels the initiative that’s designed to help improve the yield for Indian farmers.

    Mr. Mohit Kamboj is a self-made entrepreneur who has worked very hard to be successful in his life. He has a sharp mind for business and knows exactly what should be done to gain fruitful results and also by doing something good for his country. He gives the credit to his father and shares his admiration for his father’s keen business sense and his teachings of ins and outs of the business. Mr. Mohit Kamboj believes in providing equal opportunity to everyone in the country irrespective of caste, creed, gender, and colour. Mr. Mohit’s love for his motherland reflects through these initiatives and truly he wants to bring a change in the lives of farmers who are an important part of this nation.

     

  • Miss Maedelin Introduces Gender-Neutral Beauty Products for A Better YOU

    September 27: Miss Maedelin is a certified brand that caters to hair and skin problems. By offering paraben-free products at pocket-friendly prices, Miss Maedelin has become a household name. With the current sedentary lifestyle and exposure to pollution, taking care of hair and skin has become a tedious task. Moreover, the majority of beauty products are chemical-rich that harm the skin and hair gradually. Thanks to organic brands like Miss Maedelin that understood the real problems of the common man and plunged into it to start its home-grown brand.

    Miss Maedelin offers artisanal soaps, skin and hair care essentials that are great for both personal use and gifts for your loved ones. Sneha Bhattacharya, the Founder of Miss Maedelin believes that everyone deserves the best skin and hair care solutions. There’s always a market for efficient products as they are a value-addition to one’s lifestyle. Being a psychologist herself, she started soap-making as a leisure activity and soon realized that this was her calling. She incubated Miss Maedelin and also created employment opportunities for skilled and deserving people.

    Miss Maedelin has a wide range of gender-neutral products that challenge the current norm. Their current project, “Papa don’t preach” is working on gender-neutral products. Regardless of whether your need is for body care, eye care, bath scrub, face cleanser, face pack, face serum, foot care, hair care, lip care, or any other skin and hair care essentials, Miss Maedelin has a solution for all. The products are eccentric, hassle-free, and effective that can be followed by everyone in their daily routine process.

    Miss Maedelin takes pride in its skilled team that believes in the company’s vision and always strives for excellence. There’s an exclusive team of professionals involved in every step of product-making. Right from manufacturing the products, packaging and dispatching them, Miss Maedelin follows a systematic process to get it done right. The simple & elegant packaging contains effective recipes to meet the purpose for which they are made besides being a treat to the eyes. The team has completely shifted to recyclable and reusable packaging such that they have introduced refill packs. With every conditioner to gels to hair masks and oil, you will get it in refill packs so that you can reuse the plastic containers. One of their clients said, “We have piles of plastic containers stacked up, and with every purchase, we’re receiving such containers, we welcome Miss Maedelin’s initiative of refill packs as it brings down urban wastage.”

    If you have been constantly worried about your acne, dry skin, hair fall, parched lips, or sun tan, click https://missmaedelin.com/ to discover a remedy. In all honesty, Miss Maedelin has helped several customers through its organic products. With a vision to bring in the concept of smart and effective formulation, Miss Maedelin is marching forward in its journey.

  • en:lyft Wins Influencer Marketing Campaigns of The Year

    Mumbai (Maharashtra) (India), September 27: en:lyft has been recognized in CMO Vision and Innovation Summit and Awards 2021 for Meesho’s influencer marketing campaign which was initiated in COVID post first wave. They won Influencer marketing campaign of the year award in a virtual event on 23rd September 2021. The award was received on behalf of en:lyft by Mr. Vikram Mane, Business Development Manager, en:lyft. The event involved 200+ participants, 30+ speakers and 30+ awards.

    The agency managed to create multiple content pieces from multiple influencers based on a very analytical and ROI positive approach which created a buzz about the company in 10 million+ target audience. The rigorous approach to influencers who fit the client criteria created 130+ videos around the subject. They collected the analytics and segregated the same as per video performance. In this activity, they involved more than 70 lifestyle influencers. The campaign resulted in more than 100k+ new users on the app.

    On receiving the award, Mr. Ajay Kudva, Founder, en:lyft expressed his joy for honoring the ongoing campaign, “I would like to thank the jury members and organizers for honoring us with the prestigious award. en:lyft prides itself for its out of box strategy and this award encourages us to perform better with every client and in every campaign. We always aim to deliver the best, thank you for recognizing the efforts.”

    About en:lyft

    en:lyft is one of the India’s leading influencer marketing companies with a network of over 20,000+ influencers & serviced over 300+ clients in over 1000+ campaigns. They are a new age ecosystem with the creator community at its epicenter. Over the past one year en:lyft and its 120 exclusive influencers, having a collective subscriber base of 60Mn+; have helped over 150 brands to create 2000+ pieces of content that achieved over 2.3 Billion Views & 50 Million+ engagement.

     

  • Building Taskar Ecosystem in Healthcare the Way Apple and Google built in Technology and Software

    September 27: Taskar’s “ecosystem” consists of you—the customer, the patient—and your pharmacist or doctor, the provider. If you need medicines, diagnostic services, medical attention, or require a hospital stay, your pharmacist, doctor are in charge of coordinating your care.

    Healthcare works best when it is affordable, accessible and of high quality, within an ecosystem that supports success.

    Unfortunately, that’s not the world we’ve been living in.

    Our current healthcare system has grown increasingly complicated over the decades of growth, changes, and regulation. And too often, there is a disconnect among those who populate it. Our complex healthcare industry simply isn’t set up to enable coordinated care at a reasonable cost that allows patients to call the shots.

    Compared to today, Healthcare used to be much easier in ancient times.

    “For example, back in the 1960s, having a baby would set you back about 200 INR for the delivery and 5 INR for a tablet for pain medication. You knew this because you would get a hand-written bill presented to you directly by your doctor.

    Today, the healthcare market is more opaque due to non-availability of basic facilities!

    With a 22% shortage of primary health centres (PHCs) and 32% in community health centres (CHCs), it is estimated that 50% of beneficiaries travel more than 100 km to access quality care.

    • India has only 1.1 beds per 1,000 population compared to the rest of the world.
    • There is a need for an additional 600,000 to 700,000 beds in India over the next 5 to 6 years.
    • 70% of India’s healthcare infrastructure is in the top 20 cities.
    • Out of 9 Lakh registered retail pharmacies 99% of pharmacies are unorganised.

    “GAP” & “STRONG DEMAND”

    Healthcare market in India is expected to reach US$ 372 Billion by 2022, driven by rising income, better health awareness, lifestyle diseases and increasing access to insurance.

    India is “PHARMACY OF THE WORLD” and a land full of opportunities for players in the healthcare industry. The Indian healthcare sector is much diversified and is full of opportunities in every segment, which includes providers, payers, and users.

    The pharmacy retail market in India is projected to reach 2,330.2 Billion by FY 24. The hospital industry in India is forecasted to increase to Rs. 8.6 trillion (US$ 132.84 billion) by FY 22 from Rs. 4 trillion (US$ 61.79 billion) in FY 17 at a CAGR of 16–17%.

    SO FAR JOURNEY & THE ROAD AHEAD

    Keeping in mind the gap & demand We launched, “Taskar – India’s 1st healthcare mall” during the pandemic in 2020. The concept is so unique that in just 7-8 months we signed 247 Taskar Healthcare Malls in 11 states and 52 districts of India.

    Now to add on our existing services, we are building an “ecosystem” that will ensure 718 district’s 1.3 billion Indians:

    – Within 30 Minutes Health Products Delivery

    – Within 3 Minutes Telemedicine.

    – Within 3 Hours Hospital Care.

    To make this happen, In every district of India, “We aim to start TECH-ENABLED 14 Taskar Healthcare Malls (Retail). To ensure these 14 outlets supply chain 1 Taskar – Cash & Carry (Wholesale) & to cater the IPD needs of Retail outlets referred patients 1 Hospital (Superspeciality). This ecosystem will ensure – 30 Minutes, 3 Minutes & 3 Hours Healthcare services across the country.”

    Prasoon Pal-CEO 

    Taskar – India’s 1st healthcare mall

    Visit them at www.taskarmall.com

    Follow them on https://www.facebook.com/taskarmall/

     

     

     

  • Odisha Govt’s “Mo School Abhiyan”: OSL Backs Up Cuttack Dist Schools

    Cuttack (Odisha) [India], September 27: As a prime part of its ongoing Corporate Social Responsibility (CSR) activities, Orissa Stevedores Limited (OSL) has extended support to the schools of Cuttack district under the ambitious “Mo School Abhiyan Parichalana Sangathan” (MSAPS) launched by the Government of Odisha.

    MSAPS is an initiative by the Odisha School & Mass Education Department (S&ME) in a bid to transform the ambience and qualitative environment of our schools across the state.

    Being a leading and responsive company in Odisha, OSL has contributed a sum of Rs 20,00,000 (INR twenty lakh) meant for providing better facilities in the spheres of games, music and other activities under the “Mission Zero F Initiative”.

    The District Level Committee (DLC) will select the schools where the donation will be utilized.

    At a special programme held, Shri P K Pattnaik, Head of Estate Department, OSL, handed over the cheque to Shri Bhabani Shankar Chayani, Collector, Cuttack, in the presence of Smt. Rashmita Mishra, District coordinator, “Mission Zero F Initiative”, Cuttack.

    Speaking on the purpose of such support and contribution, Shri Mahimananda Mishra, Managing Director (MD), OSL Group, said, “OSL Group is fully committed to the development of children in Odisha. Odisha Government’s Mo School Abhiyan is a robust approach towards building a brighter future for the state.”

    “Whatever transformation has taken place in the schools across the state is a big step initiated by the State Government under the able leadership of Chief Minister Shri Naveen Patnaik towards the brighter future of our children,” Mishra lauded.

    Pertinent to note that OSL Group, as a major corporate house in the state, has been helping the Odisha Government during the Covid crisis through its various welfare activities.

    In a quick response to the clarion call made by the Hon’ble Chief Minister urging people to wear masks amid the dreadful COVID-19 pandemic, OSL Group distributed one lakh masks to the general public for creating awareness on the merits of religiously using masks to beat the pandemic.

    OSL Group also extended logistic support in the unloading of medical oxygen cylinders at the Paradip Port.

    The group also carried out the Customs and Airport clearances of a special cargo flight carrying the consignment of 1300 medical grade oxygen cylinders as well as other medical consumables which were airlifted from China. This support was extended by not claiming any service charges.

  • Indian-Owned Phonato Studios’ Games Cross 10 Million Downloads

    With Phonato Studios, two Jamia graduates, Faisal Abidi and Raghib Khan, aim to establish India’s foothold in the global gaming industry.

    Wilmington (DE) [USA], September 26: Phonato Studios, a mobile game development company, has surpassed over 10 million downloads of its gaming titles and achieved an exponential increase in market penetration, especially in the North American market.

    Founded by two Jamia Millia Islamia graduates, Faisal Abidi and Raghib Khan, in 2013, the company has witnessed significant growth figures, a remarkable feat for a bootstrapped Indian company in an industry primarily ruled by American, Chinese, and European firms.

    The primary factors that have contributed to the success of Phonato Studios are a great team, an intricate understanding of the current gaming market, and the decision of the founders to go the “bootstrap way” from day one while staying true to their vision of delivering the best possible gaming experience. Notably, Phonato Studios – remains entirely debt-free to date, and its game titles have received an average of 4.5+ star reviews on Google Play and the iOS App Store.

    For both Faisal and Raghib, bootstrapping was a personal resolution. “Being self-funded allowed us a lot of creative freedom and gave our team the opportunity to tinker with ideas. While many investors would have been sceptical about going into games in the pre-pandemic times, we jumped into it head-on because we knew this was a growing market. Now, our offerings have received critical acclaim, and we are well on our way to expanding our product range,” said Raghib, the Co-Founder and Director of Phonato Studios.

    His fellow Co-founder and Director, Faisal, who also heads the services division of their other business, RNF Technologies, added, “Calling the shots worked wonders for us! We could strategically time our growth as and when we felt the market was conducive for it. Being a self-funded company and not answerable to any investors gave us that leverage. It took a lot of patience, determination, and hard work, but as a team, we’ve been our bosses in the truest sense, and we have loved every moment of it.”

    The duo stepped into the tech services world with RNF Technologies in 2009 after gaining valuable work experiences at AOL and Google. With a 250+ international client base using its web development and digital marketing services, RNF Technologies proved to be the perfect springboard for Phonato Studios as well as Resource, an IT staff augmentation firm that boasts of several Fortune 500 companies as its clients. Notably, RNF Technologies has been acclaimed as one of the “Top-Performing App Development Companies for 2021” by Clutch, a reputed market research firm in the USA.

    In addition to these ventures, the friends-turned-business partners have interests in the B2B events arena. With excellence and innovation being on top of their agenda, they hope to continue cultivating Indian talent and truly “Make in India” to offer impressive services, products, and experiences to its clients across the globe.